Citigroup (C) executive logs deferred stock award and open-market sales
Rhea-AI Filing Summary
Citigroup Inc.'s Head of International, Ernesto Torres Cantu, reported a mix of stock awards and sales in February 2026. On February 11, 2026, he acquired 31,126.41 shares of deferred common stock at $0 under Citigroup's 2019 Stock Incentive Plan, vesting in four equal annual installments starting February 20, 2027, with none immediately saleable.
On February 13, 2026, he executed an open-market sale of 24,145 common shares at an average price of $111.1446, leaving him with 155,102.58 directly held shares. That same day, an additional 43,173 shares were sold in open-market transactions at an average price of $111.0901, from holdings reported as owned indirectly by his spouse, leaving 45,835 shares in that indirect account.
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Insights
Routine executive stock award and sizable open-market sales, with holdings remaining.
Citigroup’s Head of International received a deferred stock award of 31,126.41 shares at $0, vesting annually from February 20, 2027. This is standard equity-based compensation, structured to retain the executive over multiple years since the shares cannot be sold immediately.
On February 13, 2026, he sold 24,145 directly held shares at an average of $111.1446 and reported indirect sales of 43,173 shares held by his spouse at an average of $111.0901. He still directly holds 155,102.58 shares and indirectly 45,835. These transactions look like normal portfolio and compensation activity; actual impact depends on broader ownership context not shown here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 24,145 | $111.1446 | $2.68M |
| Sale | Common Stock | 43,173 | $111.0901 | $4.80M |
| Grant/Award | Common Stock | 31,126.41 | $0.00 | -- |
Footnotes (1)
- Award of deferred stock pursuant to the Issuer's 2019 Stock Incentive Plan. This award vests in four equal annual installments beginning on February 20, 2027; none of the award is eligible for immediate sale. This price represents the average sale prices for multiple transactions reported on this line. The prices of the transactions reported on this line ranged from USD $111.02 to USD $111.26. Upon request by the SEC staff, the Issuer or a security holder of the Issuer, the Reporting Person will undertake to provide full information regarding the number of shares and prices at which the transactions were effected. This price represents the average sale prices for multiple transactions reported on this line. The prices of the transactions reported on this line ranged from USD $110.915 to USD $111.225. Upon request by the SEC staff, the Issuer or a security holder of the Issuer, the Reporting Person will undertake to provide full information regarding the number of shares and prices at which the transactions were effected.
